Cummins Inc. Hiring for Accounts Payable Analyst at Pune, India Full Time

DESCRIPTION

Provides analytical support as a member of the accounts payable team. This role focuses on performing financial analysis, ensuring timely completion of month-end activities, and resolving accounts payable issues, all while driving improvements in processes and customer service. The analyst will be responsible for maintaining relationships with various finance teams and stakeholders to enhance overall service delivery for assigned India ABO entities.

Key Responsibilities:

• Analytical Support: Prepare analyses and reports for the accounts payable team, including statistical reporting. Make recommendations for improvements to methods and processes based on the findings.

• Process Improvement: Explore automation opportunities to improve process efficiency. Identify standardization opportunities while retaining the unique requirements of each business unit.

• Customer Experience: Role model customer service by driving a culture of service. Empower Cummins Business Services (CBS) to find innovative solutions and enhance customer experience with every interaction.

• Operational Responsibilities:

• Complete all month-end close activities by Working Day 3 (WD 3) with accuracy.

• Prepare, maintain, and revise Standard Operating Procedures (SOPs) for assigned areas.

• Perform reconciliations (CMI and IGAAP) for assigned business units and ensure timely, accurate submissions.

• Prepare audit schedules, including trade payable, accounts payable (AP) debit balance, MSME, and AP sub-ledger variance.

• Prepare and analyze AP aging reports, working on the timely resolution of aged items.

• Ensure timely performance of SOx and/or IFC controls and corporate submissions.

• Prepare AP Pack for Balance Sheet reviews.

• Support audits, reviews, and control testing for assigned business centers.

• Stakeholder Engagement: Conduct review meetings with business units (BU), document minutes of meetings (MOM), and keep managers informed of actionable items. Proactively address escalations and resolve issues, elevating them when necessary.

• Project Execution: Work on special projects as assigned by leadership, contributing to strategic initiatives that enhance business effectiveness.

• Process Standardization: Ensure uniformity within the accounts payable workstream while addressing the unique requirements of business units.

• Audit Support: Timely support during audits, ensuring compliance with regulatory and internal controls (SOx, IFC).

RESPONSIBILITIES

Qualifications:

• Education: College, university, or equivalent degree in Accounting, Finance, or related field is required.

Competencies:

• Customer Focus: Build strong customer relationships and deliver customer-centric solutions to enhance satisfaction and drive service improvement.

• Collaborative Partnerships: Develop partnerships with internal teams and stakeholders to meet shared objectives.

• Communication: Effectively communicate with different stakeholders, ensuring clear understanding across various audiences.

• Problem Solving & Innovation: Explore process improvement opportunities, including automation, and take a proactive approach to resolve moderately complex accounts payable issues.

• Financial Analysis: Analyze trends, variances, opportunities, and risks in financial data to guide decision-making and drive business improvement.

• Business Partnering: Influence and collaborate with stakeholders to align performance with organizational goals and strategies.

• Action Oriented: Approach new opportunities and challenges with a sense of urgency and enthusiasm, consistently driving results.

• Nimble Learning & Self-Development: Continuously seek learning opportunities and personal growth by using both successes and failures as learning experiences.

• Instills Trust: Build credibility and trust through honesty, integrity, and authenticity.

• Values Differences: Recognize and appreciate the value of diverse perspectives and cultures within the organization.

QUALIFICATIONS

Experience:

• Minimal level of relevant work experience is required; previous experience in accounts payable, finance, or a related field is preferred.

Job Finance

Organization Cummins Inc.

Role Category Hybrid

Job Type Exempt – Experienced

ReqID 2405444

Relocation Package No